America is 246 Years Young!
This Monday, July 4th, will mark 245 years of America’s independence! Today’s infographic takes a look at the Fourth of July “by the numbers” and provides insight into this holiday that we Americans hold dear. Whatever you do to celebrate, do it safely and have fun…..and, as alRead More
Black Knight Says Serious Delinquencies 45% Above Pre-Pandemic Levels
According to Black Knight’s “first look” report for May, 2022, the national delinquency rate on first lien mortgages fell slightly to 2.75% in May, continuing the downward trend in overall delinquencies and marking yet another new low. However, Black Knight says serious delinqueRead More
Flipping Spikes Nationwide While Profits Drop to 13-Year Low
According to the latest U.S. Home Flipping Report from ATTOM, 114,706 single-family houses and condominiums were flipped in Q1, 2022. That figure represents 9.6% of all home sales in Q1 or one in 10 transactions – the highest level since at least 2000. In addition, ATTOM says tRead More
Pending Home Sales Up 0.7% in May
The National Association of Realtors is reporting that pending home sales were up 0.7% in May, 2022. The NAR’s Pending Home Sales Index (a forward-looking indicator based on contract signings) climbed to 99.9. The NAR says pending home sales broke a six-month skid with this sliRead More
U.S. Current-Account Deficit Widens in Q1 2022
The Bureau of Economic Analysis says the U.S. current-account deficit, (reflecting the combined balances on trade in goods & services and income flows between U.S. residents and residents of other countries) widened by $ 66.6 billion, or 29.6%, to $ 291.4 billion in Q1, 2022.Read More
New Single-Family Home Sales Up 10.7% in May
The U.S. Government is reporting that sales of new single-family houses in May, 2022 were at a seasonally adjusted annual rate of 696k, which is 10.7% higher than April’s revised rate and is 5.9% lower than one year ago. The median sales price of new houses sold in September wasRead More